i just was skimming through my collection of links and found this glorious explanation of the financial system again, from 2008. by the absolutely fantastic australian satire duo clarke & dawe. unluckily clarke has passed away in 2017, but still they have nearly eternal wisdom to spread
"Shouldn't people just buy things they can afford?"
"You don't need to afford the things you are buying Bryan. You need to afford the interest on the money you need to borrow in order to buy them."
watch until the end ... :-)
#
australien #
australia #
ClarkeAndDawe #
finance YouTube - Clarke & Dawe : How does the financial system work (2:41)
